Spain Tourist Arrivals YoY

Info

History

Chart

Impact:

Low

Source: National Statistics Institute (INE)

Latest Release:

Date:

Surprise:

-4.2%

Actual:

3.8%

Forecast: 8%

Previous/Revision:

7.7%

Period: Mar

Next Release:

Date:

Forecast: 7.5%

Period: Apr

What Does It Measure?

Spain's Tourist Arrivals Year-over-Year (YoY) measures the number of international visitors arriving in Spain over a 12-month period, providing insight into the health of the tourism sector. The primary focus is on assessing trends in travel demand, which impacts production, employment in the hospitality sector, and overall economic growth.

Frequency

This indicator is typically released on a monthly basis, often a few weeks after the month's end, and usually represents finalized figures rather than preliminary estimates.

Why Do Traders Care?

Traders monitor this data as it is a critical barometer of economic activity in Spain; higher tourist arrivals are generally seen as bullish for the Spanish economy, which can strengthen the Euro and positively influence stocks in the tourism and travel sectors. Conversely, lower-than-expected figures might signal economic weakness, leading to bearish sentiment in related markets.

What Is It Derived From?

The data for tourist arrivals is collected through official government statistics, which include records from airports, border agencies, and accommodation providers. The figures are compiled based on surveys from various sources and are aggregated to provide a comprehensive snapshot of international tourism activity.

Description

This indicator reports on the total number of tourist arrivals compared to the same month in the previous year (YoY), eliminating seasonal variations inherent in tourism patterns. YoY comparisons are favored in this context to highlight overall growth trends and give a clearer picture of tourism recovery or decline against prior performance.

Additional Notes

Tourist arrivals serve as a coincident economic measure, reflecting current economic conditions. Trends in this report may also be compared with broader indicators like GDP growth or consumer spending, offering insights into overall economic resilience within Spain and the impact of global travel trends.

Bullish or Bearish for Currency and Stocks

If actual tourist arrivals are higher than expected: Bullish for EUR, Bullish for Stocks. If actual tourist arrivals are lower than expected: Bearish for EUR, Bearish for Stocks. This data does not have a direct monetary policy implication.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Actual	Forecast	Previous	Surprise
May 05, 2025	3.8%	8%	7.7%	-4.2%
Apr 02, 2025	7.7%	7%	6.1%	0.7%
Mar 04, 2025	6.1%	2.5%	1.1%	3.6%
Feb 03, 2025	1.1%	9.8%	10.3%	-8.7%
Jan 03, 2025	10.3%	10%	9.5%	0.3%
Dec 03, 2024	9.5%	10%	9.1%	-0.5%
Oct 31, 2024	9.1%	7%	7.3%	2.1%
Oct 02, 2024	7.3%	10%	7.3%	-2.7%
Sep 02, 2024	7.3%	14%	12.1%	-6.7%
Aug 02, 2024	12.1%	14.2%	11.5%	-2.1%
Jul 03, 2024	11.5%	12%	8.3%	-0.5%
Jun 03, 2024	8.3%	15%	21%	-6.7%
May 03, 2024	21%	21%	15.9%
Apr 02, 2024	15.9%	22%	15.3%	-6.1%
Mar 04, 2024	15.3%	30%	26.2%	-14.7%
Feb 02, 2024	26.2%	16.5%	18.6%	9.7%
Jan 03, 2024	18.6%	13.5%	13.9%	5.1%
Dec 04, 2023	13.9%	14.3%	13.6%	-0.4%
Nov 02, 2023	13.6%	13.2%	13.9%	0.4%
Oct 03, 2023	13.9%	25%	11.4%	-11.1%
Sep 01, 2023	11.4%	17.7%	10.9%	-6.3%
Aug 02, 2023	10.9%	11.5%	17.6%	-0.6%
Jul 04, 2023	17.6%	7.2%	18.5%	10.4%
Jun 01, 2023	18.5%	7.8%	30.1%	10.7%
May 04, 2023	30.1%	46.6%	35.9%	-16.5%
Apr 03, 2023	35.9%	83.1%	65.8%	-47.2%
Mar 03, 2023	65.8%	85.6%	39.9%	-19.8%
Feb 02, 2023	39.9%	20%	29.2%	19.9%
Jan 04, 2023	29.2%		39.4%
Dec 02, 2022	39.4%		66.3%
Nov 03, 2022	66.3%	45.1%	69.7%	21.2%
Oct 04, 2022	69.7%	99%	106.2%	-29.3%
Sep 01, 2022	106.2%	190%	236.6%	-83.8%
Aug 02, 2022	236.6%	460%	411.1%	-223.4%
Jul 04, 2022	411.1%	730%	869.8%	-318.9%
Jun 01, 2022	869.8%	610%	720.5%	259.8%
May 05, 2022	720.5%	750%	1007.8%	-29.5%
Apr 04, 2022	1007.8%	650%	467.7%	357.8%
Mar 03, 2022	467.7%	380%	355%	87.7%
Feb 02, 2022	355%	350%	633%	5%
Jan 04, 2022	633%	110%	402.7%	523%
Dec 02, 2021	402.7%	225%	311.9%	177.7%
Nov 03, 2021	311.9%	65%	112.8%	246.9%
Oct 04, 2021	112.8%	57.5%	78.3%	55.3%
Sep 01, 2021	78.3%	75%	984.7%	3.3%
Jul 02, 2021	1363.6K		630.6K
Jun 01, 2021	630.6K		490.1K
May 06, 2021	-75.5%	-84%	-93.6%	8.5%
Apr 06, 2021	-93.6%	-84.2%	-89.5%	-9.4%
Mar 02, 2021	-89.5%	-80%	-84.9%	-9.5%
Feb 03, 2021	-84.9%	-86%	-90.2%	1.1%
Jan 05, 2021	-90.2%	-82%	-87%	-8.2%
Dec 02, 2020	-87%	-84%	-87.1%	-3%
Nov 03, 2020	-87.1%	-82%	-75.9%	-5.1%
Oct 02, 2020	-75.9%	-80%	-75%	4.1%
Sep 01, 2020	-75%	-92%	-97.7%	17%
Aug 03, 2020	-97.7%	-82%	-100%	-15.7%
Jul 02, 2020	-100%	-100%	-100%
Jun 01, 2020	-100%	-98%	-64.3%	-2%
May 06, 2020	-64.3%	-66%	1%	1.7%
Apr 02, 2020	1%		-1.4%
Mar 02, 2020	-1.4%		-0.9%
Feb 03, 2020	-0.9%		2.8%
Jan 03, 2020	2.8%		-0.3%
Dec 02, 2019	-0.3%		-0.2%
Nov 04, 2019	-0.2%		-0.5%
Oct 01, 2019	-0.5%		-1.3%
Sep 02, 2019	-1.3%		3.2%
Aug 01, 2019	3.2%		-1.6%
Jul 02, 2019	-1.7%		5.7%
Jun 03, 2019	5.7%	4%	4.7%	1.7%
May 08, 2019	4.7%		3.8%
Apr 02, 2019	3.8%		2.2%
Mar 01, 2019	2.2%		9.7%
Feb 01, 2019	9.7%		3.6%
Dec 03, 2018	5%		0.5%
Nov 02, 2018	0.5%		-1.9%
Oct 02, 2018	-1.9%		-4.9%
Sep 03, 2018	-4.9%		1.3%
Aug 01, 2018	1.3%		1%
Jul 02, 2018	1%		-4.4%
Jun 01, 2018	-4.4%		9.6%
May 04, 2018	9.6%		2.6%
Apr 04, 2018	2.6%		5.2%
Mar 01, 2018	5.2%		-0.2%
Feb 01, 2018	-0.2%	6.5%	7.4%	-6.7%
Dec 28, 2017	7.4%	4.5%	1.8%	2.9%
Nov 30, 2017	1.8%	9.5%	11.4%	-7.7%
Oct 31, 2017	11.4%	5.1%	4%	6.3%
Sep 29, 2017	4%	11.5%	10.1%	-7.5%
Aug 31, 2017	10.1%	12.5%	11.6%	-2.4%
Jul 31, 2017	11.6%	12.5%	11.7%	-0.9%
Jun 30, 2017	11.7%	21.5%	16%	-9.8%
May 31, 2017	16%	8.8%	6.1%	7.2%
Apr 28, 2017	6.1%	10.5%	11.9%	-4.4%
Mar 31, 2017	11.9%	9.5%	10.7%	2.4%
Feb 28, 2017	10.7%	11.5%	13.3%	-0.8%
Jan 31, 2017	13.3%		9.2%
Dec 30, 2016	9.2%	6.2%	11%	3%
Nov 30, 2016	11%	8.4%	10.2%	2.6%
Oct 31, 2016	10.2%	4.9%	5.8%	5.3%
Sep 30, 2016	5.8%	9.7%	9.3%	-3.9%